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中国财政部5月29日晚宣布,自2007年5月30日起,调整证券(股票)交易印花税税率,由现行1‰调整为3‰。这是继2005年下调证券交易印花税税率后,中国又一次对该税率进行大的调整。印花税税率的上调固然会增加交易成本,降低市场的交投活跃程度,但这一举措对于改变目前证券市场的单边预期,以及对于市场的长期稳定发展是具有积极意义的,而这也表明了管理层的政策态度:希望中国股市健康、稳定地发展。调整印花税短期内对于市场交易各方信心会有一定程度的打击,但从长期来看影响不大,这一上调并不意味着行情的终结。从6月份上旬的市场行情我们不难看出,市场信心恢复较快,市场正逐步企稳。
On the evening of May 29, the Chinese Ministry of Finance announced that since May 30, 2007, the stamp duty on securities (stock) transactions will be adjusted from 1 ‰ to 3 ‰. This is the second major revamping of the tax rate following the downward adjustment of the stamp duty on securities transactions in 2005. The increase of stamp tax rate will certainly increase the transaction cost and reduce the market activity level. However, this measure is of positive significance for changing the unilateral expectation of the current stock market and for the long-term stable development of the market, Management’s Policy Attitude: We hope that the Chinese stock market will develop healthily and steadily. Adjusting the stamp duty in the short term will have some blow to the confidence of all parties involved in the market transactions, but it will not affect much in the long run. This increase does not mean the end of the market. From the market in early June, we can see that market confidence has recovered quickly and the market is gradually stabilizing.